Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.

1. STOCK NEWS:

• Fed Chair Jerome Powell suggested that QE tapering could end sooner [more]
• Regeneron (REGN) said that it is evaluating its REGEN-COV antibody treatment against the omicron variant [more]
• The U.K.'s Competition and Markets Authority is requiring Facebook (FB), soon to be known as Meta (MVRS), to sell Giphy [more]
• Shopify (SHOP) said merchants' Black Friday/Cyber Monday sales rose 23% year-over-year to $6.3B [more]
• Amazon (AMZN) said it had a "record-breaking Black Friday and Cyber Monday" [more]

2. WALL STREET CALLS:

• Square (SQ) upgraded to Neutral from Underperform at BofA [more]
• HSBC starts Beyond Meat (BYND) with a Reduce rating on "increasingly competitive" market [more]
• Rocket Lab (RKLB) initiated with a Buy at BofA [more]
• Goldman Sachs downgrades Dollar Tree (DLTR) to Neutral [more]
• Vir Biotechnology (VIR) price target raised to $200 from $135 at H.C. Wainwright [more]

3. AROUND THE WEB:

• Moderna (MRNA) CEO Stephane Bancel expects current COVID-19 vaccines to struggle with the omicron variant, FT reports [more]
• Lululemon (LULU) filed a patent lawsuit against Peloton (PTON), CNBC reports [more]
• Merck (MRK) told Reuters it believes its COVID-19 antiviral drug will have similar activity against new variants [more]
  
• Biogen (BIIB) lost an appeal to revive a key patent on multiple sclerosis drug Tecfidera, Bloomberg says [more]
• Jana Partners has a large stake in Zendesk (ZEN) and is seeking an end to the Momentive (MNTV) deal, WSJ reports [more]

4. MOVERS:

• MEI Pharma (MEIP) surges after announcing results from the pivotal Phase 2 TIDAL study evaluating zandelisib [more]
• ImmunityBio (IBRX) rises after entering a deal with EnGeneIC for COVID-19, cancer treatments [more]
• RedHill Biopharma (RDHL) higher after reporting quarterly results [more]
• Olema Oncology (OLMA) falls after releasing the first clinical data on OP-1250 [more]
• ViacomCBS (VIAC) lower after it agreed to sell CBS Studio Center for $1.85B [more]

5. EARNINGS/GUIDANCE:

• Citi Trends (CTRN) provided a "beat and raise" report for Q3 [more]
• Chico's (CHS) reported upbeat Q3 earnings [more]
• JinkoSolar (JKS) reported downbeat Q3 results [more]
• Baozun (BZUN) reported better than expected Q3 earnings [more]
• Barnes & Noble Education (BNED) reported lower than expected Q3 revenue [more]

INDEXES:

The Dow fell 652.22, or 1.86%, to 34,483.72, the Nasdaq lost 245.14, or 1.55%, to 15,537.69, and the S&P 500 declined 88.27, or 1.9%, to 4,567.00.